NOW Inc (NYSE: DNOW) has reported E.P.S. of $0.20 for its first fiscal quarter (ending March 31) versus $0.28 for the same period a year ago — a decline of -29%. Relative to the consensus estimate of $0.24, this was a shortfall of $-0.04. For the latest four quarters through March 31, E.P.S. were $2.19 versus $1.14 for the same period a year ago — an increase of 92%.
Recent Price Action
NOW Inc (NYSE: DNOW) stock closed at $13.28 on 5/10/24 after a major decline of -10.7%. Moreover, above average trading volume at 148% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -6.9% during the last week.
Current PriceTarget Research Rating
DNOW’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
NOW has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. NOW has a neutral Appreciation Score of 56 but a very high Power Rating of 86, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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